Best business chequing accounts of 2021 – Forbes Advisor

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Chase Business Complete Banking associates a business checking account with Chase QuickAccept. With Chase QuickAccept, your business can accept card payments as a built-in feature of your small business bank account. For a small fee you can process card payments and you also receive same day deposits to your business checking account.

The monthly service charge, $ 15, is waived if you meet specific monthly account requirements (see Details below). There is no charge for the first 20 deposits and withdrawals made either over the counter or by paper check. Each additional paper check or ABM transaction incurs a fee of $ 0.40.

The Chase Business Complete Checking debit card has a daily purchase limit of $ 10,000. You can withdraw up to $ 3,000 in cash per day at Chase ATMs in branches. Chase charges a fee for using off-grid ATMs in the United States and around the world.

You can send and receive money using Chase QuickDeposit, wire transfer, and Chase Online Bill Pay. Enrollment in Chase QuickDeposit is subject to approval and requires a two-year agreement and monthly maintenance fee for the check scanner.

As your business grows, Chase also offers Business Performance Verification and Platinum Business Verification, which comes with additional fees and features. Chase also offers business savings accounts and CDs, small business financing including loans and lines of credit, and business credit cards.

Read our full review of Chase Business’s full banking services.

Details

The $ 15 monthly service charge may be waived if, during each monthly statement period, you maintain a minimum daily balance of $ 2,000, make $ 2,000 purchases with a Chase Ink Business credit card, receive $ 2,000 in deposits through QuickAccept or other eligible Chase Merchant Services transactions, link a Chase Private Client account, or provide proof of military service as a veteran or active duty member.

Currently, online applications are only accepted for private companies structured as sole proprietorships, corporations and limited liability companies (LLCs) managed by a single member or manager. Owners of other types of businesses must visit a branch in person.

Chase offers a single mobile application that can accommodate both business and personal banking services. The app gets 3.8 out of 5 stars on the App Store and 4.4 out of 5 stars on Google Play.

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